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$30 Billion More for AIG; Report: UBS Cuts Bonuses, Gives Raises; Car Seat Tests Reveal 'Flaws'

POSTED: 08:52 AM ET, 03/ 2/2009 by Amanda Zamora

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$30 Billion More for AIG » As AIG announces the biggest quarterly corporate loss in U.S. history, the Treasury Department is approving $30 billion more in taxpayer funds for the New York-based insurer. The government's revamped bailout package acknowledges that AIG's strategy of selling two-thirds of its assets to pay back the government within two years was not working. — Washington Post

Report: UBS Bankers Get Raises » After slashing bonuses by more than 80 percent, Swiss bank UBS is increasing the base salary of senior investment bankers to align overall compensation more closely with other financial services jobs, sources tell The New York Times.

Car Seat Tests Reveal 'Flaws' » A Chicago Tribune investigation into government crash tests of 2008 model year vehicles found 31 cases where infant car seats flew off their bases or exceeded injury limits. The test results were never publicized, and even some infant-seat makers were unaware of their existence. — Chicago Tribune

Surveillance Court's Quiet Move » In the coming days, the Foreign Intelligence Surveillance Court will move from its current base at the Justice Department and settle into a new $2 million home just off a public hallway in the District's federal courthouse. — Washington Post

The Line Behind Burris » As Roland W. Burris took his first turn presiding over the Senate last week, hired staffers to fill his Washington office and announced co-sponsorship of a measure commemorating the role of slaves in building the Capitol, politicians back home were plotting who might replace him. — New York Times

After the jump...

BEST OF THE REST
» Concerns arise over fast-track deportations (LAT)
» Nationals GM Bowden Resigns Amid FBI Probe (WaPo)
» White House Defends Approval of Pet Projects (NYT)
» Stanford CFO declines to cooperate in SEC Probe (Reuters)
» PACs spent record $416M on federal election (USAT)
» Arguments Tuesday in W. Va. Justice Case (WaPo)
» Stimulus Funds to Beef Up GAO Staff (USAT)
» Good or Useless, Medical Scans Cost the Same (NYT)
» Olmert Faces Indictment in Corruption Case (AP)

By Amanda Zamora |  March 2, 2009; 8:52 AM ET The Daily Read
Previous: Ethics Lessons for Gregg, Telemarketers and Philly Cops | Next: Blackwater Founder Steps Aside

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